Business
New owners plan to fly slimline Virgin – The Australian Financial Review
Virgin’s Australia’s preferred buyer – US private equity firm Bain Capital – plans to pare back the airline, cut high-end comforts for flyers and relaunch with about half its existing fleet as early as September.
The sale is occurring at a disruptive time for the aviation industry around the world. The COVID-19 pandemic and the subsequent downturn in travel demand has proved the final straw for many airlines …
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